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Understanding my payslip

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On your payslip portal you will be able to access all of your payslips reflecting your salary payment from Umbrella Contracts showing all deductions made. Please note that it can take up to 24 hours for these to appear on your portal, usually after we do the daily update.

 ‘Company Receipts’ is the breakdown of funds received and processed from your agency; this can be a number of hours, days, bonus, expenses or any other payments received.

‘Company Deductions’

  • ‘HMRC Payment NIERS‘– Employers National Insurance calculation. Whether you work through an agency or an Umbrella both parties will always claw back the amount of Employer’s N.I. by way of additional fees so that they are not out of pocket. Whichever way you choose to work; your own limited company, umbrella company service or through an agency you will have to pay both Employee’s NI and Employer’s NI, one way or another.
  • ‘Apprenticeship Levy’ – This is a small tax charge paid to HMRC alongside income tax and National Insurance. This was introduced in April 2017 and is designed to fund apprenticeship schemes. We are legally obliged to make the deduction as this affects all large businesses in the UK.
  • ‘Pension’ – We are obligated to enrol you automatically into a pension scheme – this is deferred for 3 months and you will be notified throughout the process by our payroll team. If you decided to Opt In to the pension the calculation will show on your payslip.

‘Employee Payments’

  • ‘Basic Pay’ – the total amount received from your agency minus our fee and any deductions in the ‘Company Deductions’ box and your Holiday Pay calculation.
  • ‘Holiday Pay’ – Under the Working Time Regulations, holiday pay must be shown as a separate entry on your payslip. Please be assured that although holiday pay is deducted it remains your money. You can elect for the deduction to be calculated but not held back for a later date, just let us know what is best for you.

‘Employee Deductions’

  • ‘Tax’ is the income tax calculated based upon your tax code
  • ‘National Insurance’ is the amount calculated to pay as an employee
  • ‘AE Pensions’ is your contribution to the NEST pension scheme if you have not opted out.

‘Payment Status’ shows you what your tax code is. If you are not sure what this means please contact us or you can go the HMRC website: https://www.gov.uk/tax-codes

‘Net Pay’ is the amount which you will see in your bank account.

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